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Reuters: Shell says Nigeria’s Forcados pipeline repaired

Tue Feb 19, 2008 11:59am GMT 

ABUJA (Reuters) – Output of Nigerian Forcados crude has reached between 150,000 and 200,000 barrels per day, following a pipeline repair, but Bonny Light is still subject to force majeure, a Shell (RDSa.L: Quote, Profile, Research) executive said on Tuesday.

“I can’t give the exact number, but it’s (Forcados) producing between 150,000 to 200,000 barrels a day. The pipeline has been repaired and there is good progress,” Ann Pickard, regional executive vice president of Royal Dutch Shell for Africa, told reporters.

“Bonny Light’s force majeure is still in place right now. The pipeline leak has not been fixed.”

Bonny Light was shut in on February 7 following damage to a pipeline.

Forcados exports had already been subject to force majeure, which frees the operator from its sales obligations, in January following pipeline sabotage.

The halt marked a set back to the recovery of supplies from the Forcados terminal. It was shut for almost two years following a series of militant attacks in February 2006.

Prior to those attacks, the Forcados oil fields pumped about 380,000 bpd.

(Reporting by Randy Fabi, editing by Anthony Barker)

© Reuters 2008 All rights reserved.

http://uk.reuters.com/article/businessNews/idUKENG00040020080219

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